Netcapital Inc (NCPL) Quote

These guys are the RS kings have 48sh after last RS if they give me 1 I'll be lucky

Netcapital Inc. (Nasdaq: NCPL, NCPLW) (the “Company”), a digital private capital markets ecosystem, today announced today announced that the Company’s board of directors (the “Board”) approved a reverse stock split (the “Reverse Stock Split”) of the Company’s common stock, par value $0.001 per share (the “Common Stock”), at a ratio of 1-for-70 (the “Reverse Stock Split Ratio”). The Reverse Stock Split is expected to become effective immediately after the close of trading on the Nasdaq Capital Market (the “Nasdaq”) on August 1, 2024 (the “Effective Time”), and the Company’s Common Stock is expected to begin trading on the Nasdaq on a split-adjusted basis at the opening of trading on August 2, 2024, under the existing ticker symbol “NCPL”, new CUSIP number 64113L202. The Company’s publicly traded warrants will continue to be traded on the Nasdaq under the existing ticker symbol “NCPLW” and existing CUSIP number.

The Reverse Stock Split was approved by the Company’s shareholders at the Company’s Special Meeting of Shareholders, held on July 24, 2024, with the final ratio to be determined by the Board. The Company has filed an amendment to its Articles of Incorporation (the “Charter”) to implement the Reverse Stock Split as of the Effective Time. The primary goal of the Reverse Stock Split is to increase the per share market price of the Common Stock to regain compliance with the minimum $1.00 per share bid price requirement set forth in Nasdaq’s listing rules for continued listing on the Nasdaq.

At the Effective Time, every seventy (70) shares of Common Stock issued and outstanding or held as treasury stock will be automatically combined and converted into one share of Common Stock. Once effective, the Reverse Stock Split will reduce the current number of issued and outstanding shares of Common Stock from approximately 40.54 million to approximately 0.58 million. The total number of shares of Common Stock authorized for issuance under the Charter, and the par value per share of Common Stock will not change.

Equitable adjustments will be made to the number of shares of the Common Stock issuable upon exercise of the Company's equity awards, and warrants and the number of shares issuable under the Company’s equity incentive plans, as well as the applicable exercise prices for such equity awards and warrants, in accordance with their terms.

No fractional shares will be issued in connection with the Reverse Stock Split. Any stockholder who would otherwise be entitled to receive a fractional share will instead be entitled to receive one whole share of Common Stock in lieu of such fractional share.

Equity Stock Transfer LLC is acting as transfer and exchange agent for the Reverse Stock Split. Registered shareholders who hold shares of Common Stock in uncertificated form are not required to take any action to receive post-reverse split shares and holders of certificated shares will receive instructions from the Equity Stock Transfer LLC. Shareholders owning shares through an account at a brokerage firm, bank, dealer, custodian or other similar organization acting as nominee will have their positions automatically adjusted to reflect the Reverse Stock Split, subject to such broker’s particular processes, and will not be required to take any action in connection with the Reverse Stock Split.

Additional information about the Reverse Stock Split can be found in the Company’s definitive proxy statement filed with the U.S. Securities and Exchange Commission (the “SEC”) on June 7, 2024, which is available free of charge at the SEC’s website at www.sec.gov, and on the Company’s website Investor Relations website at netcapitalinc.com/#Investors.

This company does not know how to be profitable……. Hence the constant reverse split, dilution, reverse split, dilution. Its has swings that money can be made but definitely not a long term play. All salaries are financed thru dilution

Netcapital Inc. (Nasdaq: NCPL, NCPLW) (the “Company”), a digital private capital markets ecosystem, today announced select financial results for the full fiscal year 2024 ended April 30, 2024.

"We saw significant growth in key areas despite a challenging economic environment,” said Martin Kay, CEO of Netcapital Inc. “While there were decreases in both top and bottom line, we remain optimistic about the future, particularly with portal fees increasing over 100% during the year.”

Full Year Fiscal 2024 Financial Highlights

Revenues decreased by approximately 42% year-over-year to $4.9 million, compared to revenue of $8.5 million for full fiscal year 2023.

Revenue from portal fees increased by approximately 109% year-over-year to $874,368 in the full fiscal year 2024 compared to $418,513 for full fiscal 2023.
As of April 30, 2024, the Company had cash and cash equivalents of $863,182.
Operating loss of ($3,442,388) for full fiscal year 2024 as compared to operating income of $2,271,876 for full fiscal year 2023

Net loss for the full fiscal year 2024 was ($4,986,317) in the full fiscal year 2024, as compared to net income of $2,954,972 for fiscal year 2023
Loss per share of ($0.41) in the full fiscal year 2024, were down compared to earnings per share of $0.63 for the full fiscal year 2023.

The Company recorded an impairment loss of $1,048,430 in fiscal year 2024.
For additional disclosure regarding Netcapital’s operating results, please refer to the Annual Report on Form 10-K for the period ended April 30, 2024, which has been filed with the Securities and Exchange Commission.

Conference Call Information

The Company will host an investor conference call on Tuesday, July 30th, 2024, at 11 a.m. ET.

Participant access: 844-985-2012 or 973-528-0138

Conference entry code: 861716

It’s tomorrow, so load up ⬆️

Let's see tomorrow

Let's enjoy this ride. High is .17 at these wee hours.

GOING DOWN TODAY

Trade it, don’t hold it.

ALAWAY FEW MAGGOATS PUMPING A POS WITH A SPLIT AND DILUTION PLACE

Simple as looking up the reverse split history of this company.

Load up $$$$

DILUTE THEN SPLIT

REVERSE SPLIT MEETING WEDSDAY..CATCH A FEW SHEEP OUT IN THE PASTURE

Got some $$$

Loaded and now it’s ripping!!! Lock the shares up!!!

$NCPL
$NCPL Looks like this found bottom and oversold..coming off the mat to close above the 20 day MA..get above to 50 day MA and this could really go.. pic.twitter.com/DzJbGWNDIt— Chris from Massachusetts AKA TommyboyTrader (@autumnsdad1) July 20, 2024

Trading halted today on my account due to some global electronic bug. This might be good in order to disrupt the flippers. If trading doesn't continue for rest of day then maybe Monday will be better.

NCPL.......................................https://stockcharts.com/h-sc/ui?s=NCPL&p=W&b=5&g=0&id=p86431144783

Did everyone read the news today? Maybe it'll reach a minimum of .13. It's gonna be an interesting day.

Everyone just hold fast and let this ride. It would be an absolute miracle if they announced that their broker license application finalized.

NCPL...0951s clearing here...Bullish Engulfing Candle on yesterdays close...🥳

georgie18

Member Level
Re: georgie18 post# 649499

Wednesday, July 10, 2024 2:38:37 PM

Post#
649503
of 649814
NCPL...087...Hitting the lower band...in with a starter...🥳

It means it hit the lower bollinger band...if that's what your asking...🥳

What does this mean?

NCPL...087...Hitting the lower band...in with a starter...🥳

Please correct me if I'm wrong, but I'm thinking this stock is overbought, if you watch the action closely.

This board is for NCPL, Net Capital…

You posted news for NLSP, you got the wrong board…

https://finance.yahoo.com/news/nls-pharmaceutics-announces-registered-direct-130000127.html

Should we load at the bottom?

This is the one, right?

$NCPL

YouTube: "Trading was hard until I understood this one concept."

According to this video, the next step is up.

I agree. We have a buy and hold winner here.
$NCPL

I believe that yesterday they were the ones keeping it down. I think it'll rise next week

Wall St. takeover disguised as a P&D

Let's make it to .at least .15 today

Dominion nudged it over the edge. One vote for "Yeah" was all that was needed.

soo...who voted for the RS???

ARCX took it down with 200.000 shares or more

$NCPL
$NCPL Watching close for a break above the 50 day MA here..could spark a buying frenzy.. pic.twitter.com/ODYUttCkgn— Chris from Massachusetts AKA TommyboyTrader (@autumnsdad1) June 23, 2024

Then take profits on the squeeeze

Target .20+ this week

Maybe getting close to news?

Squeeeeeze time

Short squeeze?!
$NCPL

Quarterly financials
(USD) Jan 2024 Y/Y
Revenue 1.04M 53.87%
Net income -2.23M 231.3%
Diluted EPS -0.19 157.58%
Net profit margin -213.61% 384.62%

try & fry as ownership of has already been established & shown to ALL

BBW controls that empty space between the ears of the investing public trying to sell their services as they create bag holders

bigbadwolf lives in the Caribbean and shorts through accounts in the Cayman Islands...........let's fry his ass........lol

Z

So the Reverse Split should take affect shortly after They're not voting on it until July 24.....
since
To regain compliance, the company's common shares must have a closing bid price of at least $1 per share for a minimum of 10 consecutive business days, at which point the matter will be closed. .Apr 24, 2024
30 consecutive trading days
For example, on the New York Stock Exchange (NYSE), if a security's price closed below $1.00 for 30 consecutive trading days, that exchange would initiate the delisting process.
& since $NCPL Netcapital Inc 0.093
https://ih.advfn.com/stock-market/NASDAQ/netcapital-NCPL/stock-news/93924255/netcapital-announces-intention-to-complete-a-rever

They're not voting on it until July 24..............

Z

$NCPL - .094 - Book Value: $2.014 ......

Z